"Pension Abuse" / Illinois
11:31 am
Thu January 5, 2012

Quinn signs pension reform into law, aims to end practice of "double-dipping"

Gov. Pat Quinn has signed into law pension reforms aimed at fixing some loopholes in the system.

The law takes effect immediately. It aims to end the practice of so-called double dipping for public employees. In some cases, employees took leaves to work for their unions but continued to build benefits in government pension systems based on union pay.

The law also closes a loophole made possible by a 2007 law that allowed two lobbyists for the Illinois Federation of Teachers to qualify for teachers' retirement benefits by spending a single day teaching.

Quinn signed the bill Thursday.

Illinois House Republican Leader Tom Cross was a sponsor of the bill. He says the law means that pension abuses can't run rampant.

The law doesn't address Illinois' grossly underfunded pension system.